Magnun S asked:
I got a credit card last week and i have no interest untill june, does that mean i can wait until june to start paying the bill. My minimum payment is 0.
I got a credit card last week and i have no interest untill june, does that mean i can wait until june to start paying the bill. My minimum payment is 0.
Thank you
#1 by Tim - December 26th, 2009 at 17:23
You must have no interest AND no payments until June.
Keep an eye on the statements. If there is a payment required, make it. Otherwise, they’ll go back to the beginning and charge you interest for the whole time.
#2 by SPIFIMAN1 - December 29th, 2009 at 21:15
No it means that you not be charged interest until June, you still must make the monthly payment hopefully in full.
#3 by William - January 2nd, 2010 at 05:28
You should make the payment in full, my friend. Don’t get into the habit of delaying payments. I personally advise against credit cards, since they exist to make banks rich. However if you must have one (or you think you must), then be sure to pay the balance in full at least two business days before the payment due date, or you’ll be paying interest on your balance as do the majority of Americans.
#4 by bud68 - January 3rd, 2010 at 19:08
You pay monthly for any charges made. You’ll get a bill.